JPMorgan Chase & Co. Buys 57,889 Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR)

JPMorgan Chase & Co. lifted its position in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) by 29.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 253,680 shares of the insurance provider's stock after buying an additional 57,889 shares during the period. JPMorgan Chase & Co. owned about 0.67% of James River Group worth $1,235,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Jane Street Group LLC raised its stake in shares of James River Group by 39.5% during the third quarter. Jane Street Group LLC now owns 90,838 shares of the insurance provider's stock worth $570,000 after acquiring an additional 25,738 shares in the last quarter. Barclays PLC raised its position in James River Group by 288.2% in the 3rd quarter. Barclays PLC now owns 43,940 shares of the insurance provider's stock worth $275,000 after purchasing an additional 32,621 shares during the period. Perpetual Ltd lifted its stake in James River Group by 7.2% in the fourth quarter. Perpetual Ltd now owns 150,135 shares of the insurance provider's stock worth $731,000 after purchasing an additional 10,135 shares during the last quarter. SG Americas Securities LLC boosted its position in James River Group by 41.6% during the fourth quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider's stock valued at $76,000 after buying an additional 4,586 shares during the period. Finally, Empowered Funds LLC grew its stake in shares of James River Group by 4.9% during the fourth quarter. Empowered Funds LLC now owns 118,194 shares of the insurance provider's stock valued at $576,000 after buying an additional 5,553 shares during the last quarter. Institutional investors own 95.21% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods dropped their target price on James River Group from $6.00 to $5.00 and set a "market perform" rating for the company in a report on Thursday, March 13th. Citigroup reissued a "hold" rating on shares of James River Group in a research note on Tuesday, March 11th. Compass Point lowered their price objective on shares of James River Group from $7.75 to $6.25 and set a "buy" rating for the company in a research note on Monday, March 10th. Truist Financial cut their target price on James River Group from $6.00 to $5.00 and set a "hold" rating on the stock in a research note on Tuesday, March 11th. Finally, StockNews.com lowered James River Group from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, James River Group currently has a consensus rating of "Hold" and an average target price of $6.06.

James River Group Trading Down 0.1 %

Shares of NASDAQ JRVR traded down $0.01 during midday trading on Thursday, hitting $4.76. 15,476 shares of the company traded hands, compared to its average volume of 343,374. James River Group Holdings, Ltd. has a 12-month low of $3.00 and a 12-month high of $9.17. The firm has a market cap of $217.04 million, a P/E ratio of -1.17 and a beta of 0.04. The stock has a 50-day moving average price of $4.23 and a 200 day moving average price of $4.82. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.65 and a current ratio of 0.65.

James River Group (NASDAQ:JRVR - Get Free Report) last announced its earnings results on Monday, March 3rd. The insurance provider reported ($0.99) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.66). James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. The firm had revenue of $126.71 million during the quarter, compared to the consensus estimate of $159.91 million. During the same period in the prior year, the company posted $0.33 EPS. As a group, analysts expect that James River Group Holdings, Ltd. will post -0.35 earnings per share for the current year.

James River Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Monday, March 10th. James River Group's dividend payout ratio is presently -1.38%.

James River Group Company Profile

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance services. It operates through Excess and Surplus Lines, and Specialty Admitted Insurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance in the United States Puerto Rice, and the United States Virgin Islands.